Monero Price Surges 7% Amidst Blockchain Reorganization Concerns

Monero's native token, XMR, experienced a notable price increase of over 7%, climbing from $287.54 to $308.55, despite its blockchain undergoing an 18-block reorganization. This event, which reversed approximately 117 transactions, was attributed to the team behind Qubic, an AI-focused blockchain project that had previously amassed a significant portion of Monero's network hashrate.